SMIG vs. SCDV

Last updated Jun 24, 2026

SMIG (Bahl & Gaynor Small/Mid Cap Income Growth ETF) and SCDV (Bahl & Gaynor Small Cap Dividend ETF) are both exchange-traded funds - SMIG is a Small Cap Value Equities fund actively managed by Bahl & Gaynor, while SCDV is a Small Cap Blend Equities fund actively managed by Bahl & Gaynor. Both are actively managed. Over the past year, SMIG returned 14.54% vs 17.63% for SCDV. Their correlation of 0.85 suggests significant overlap in exposure. SMIG charges 0.60%/yr vs 0.70%/yr for SCDV.

Performance

SMIG vs. SCDV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Bahl & Gaynor Small/Mid Cap Income Growth ETF (SMIG) and Bahl & Gaynor Small Cap Dividend ETF (SCDV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SMIG achieves a 12.95% return, which is significantly lower than SCDV's 14.25% return.

SMIG

• 1D: -0.15%
• 1M: 1.34%
• YTD: 12.95%
• 6M: 11.75%
• 1Y: 14.54%
• 3Y*: 13.57%
• 5Y*: —
• 10Y*: —

SCDV

• 1D: -0.33%
• 1M: 2.24%
• YTD: 14.25%
• 6M: 11.83%
• 1Y: 17.63%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

SMIG vs. SCDV - Yearly Performance Comparison

	2026 (YTD)	2025	2024
SMIG Bahl & Gaynor Small/Mid Cap Income Growth ETF	12.95%	0.78%	-4.64%
SCDV Bahl & Gaynor Small Cap Dividend ETF	14.25%	3.09%	-6.73%

Correlation

The correlation between SMIG and SCDV is 0.84, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.84
Correlation (All Time) Calculated using the full available price history since Dec 12, 2024	0.85

The correlation between SMIG and SCDV has been stable across timeframes, ranging from 0.84 to 0.85 - a consistent structural relationship.

Return for Risk

SMIG vs. SCDV — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SMIG

SMIG Risk / Return Rank: 36
SMIG Sharpe Ratio Rank: 37
SMIG Sortino Ratio Rank: 38
SMIG Omega Ratio Rank: 34
SMIG Calmar Ratio Rank: 37
SMIG Martin Ratio Rank: 32

SCDV

SCDV Risk / Return Rank: 34
SCDV Sharpe Ratio Rank: 34
SCDV Sortino Ratio Rank: 35
SCDV Omega Ratio Rank: 32
SCDV Calmar Ratio Rank: 34
SCDV Martin Ratio Rank: 34

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SMIG vs. SCDV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Bahl & Gaynor Small/Mid Cap Income Growth ETF (SMIG) and Bahl & Gaynor Small Cap Dividend ETF (SCDV). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	SMIG	SCDV	Difference
Sharpe ratio: Return per unit of total volatility	1.22	1.13	+0.09
Sortino ratio: Return per unit of downside risk	1.86	1.72	+0.14
Omega ratio: Gain probability vs. loss probability	1.21	1.20	+0.01
Calmar ratio: Return relative to maximum drawdown	1.71	1.56	+0.16
Martin ratio: Return relative to average drawdown	4.45	4.68	-0.22

SMIG vs. SCDV - Sharpe Ratio Comparison

The current SMIG Sharpe Ratio is 1.22, which is comparable to the SCDV Sharpe Ratio of 1.13. The chart below compares the historical Sharpe Ratios of SMIG and SCDV, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

SMIG vs. SCDV - Drawdown Comparison

The maximum SMIG drawdown since its inception was -19.65%, smaller than the maximum SCDV drawdown of -23.14%. Use the drawdown chart below to compare losses from any high point for SMIG and SCDV.

Drawdown Indicators

	SMIG	SCDV	Difference
Max Drawdown Largest peak-to-trough decline	-19.65%	-23.14%	+3.49%
Max Drawdown (1Y) Largest decline over 1 year	-8.52%	-11.38%	+2.86%
Max Drawdown (3Y) Largest decline over 3 years	-19.23%	—	—
Current Drawdown Current decline from peak	-0.15%	-0.61%	+0.46%
Average Drawdown Average peak-to-trough decline	-6.48%	-5.60%	-0.88%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.27%	3.78%	-0.51%

Volatility

SMIG vs. SCDV - Volatility Comparison

The current volatility for Bahl & Gaynor Small/Mid Cap Income Growth ETF (SMIG) is 3.60%, while Bahl & Gaynor Small Cap Dividend ETF (SCDV) has a volatility of 4.68%. This indicates that SMIG experiences smaller price fluctuations and is considered to be less risky than SCDV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SMIG	SCDV	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.60%	4.68%	-1.08%
Volatility (6M) Calculated over the trailing 6-month period	8.48%	11.94%	-3.46%
Volatility (1Y) Calculated over the trailing 1-year period	12.05%	15.74%	-3.69%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.16%	19.05%	-2.89%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.16%	19.05%	-2.89%

SMIG vs. SCDV - Expense Ratio Comparison

SMIG has a 0.60% expense ratio, which is lower than SCDV's 0.70% expense ratio.

Dividends

SMIG vs. SCDV - Dividend Comparison

SMIG's dividend yield for the trailing twelve months is around 1.71%, more than SCDV's 0.50% yield.

Position	TTM	2025	2024	2023	2022	2021
SCDV Bahl & Gaynor Small Cap Dividend ETF	0.50%	0.61%	0.05%	0.00%	0.00%	0.00%
SMIG Bahl & Gaynor Small/Mid Cap Income Growth ETF	1.71%	1.82%	1.75%	1.91%	2.00%	0.50%

Frequently Asked Questions

Can I hold both SMIG and SCDV in my portfolio?

SMIG and SCDV have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SMIG or SCDV?

SCDV has higher volatility (4.68%) compared to SMIG (3.60%). In terms of maximum drawdown, SMIG dropped -19.65% vs SCDV's -23.14%.

Which ETF is better, SMIG or SCDV?

On 1-year performance, SCDV leads with 17.63% vs 14.54% for SMIG. On fees, SMIG is cheaper at 0.60% per year. On volatility, SMIG has been the lower-risk option at 3.60%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SMIG or SCDV?

Over the 1-year period, SCDV has performed better with a 17.63% return vs 14.54%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SMIG or SCDV?

SMIG is cheaper with a 0.60% expense ratio, compared with 0.70% for SCDV.

Which ETF pays a higher dividend yield, SMIG or SCDV?

SMIG has the higher dividend yield at 1.71%, compared with 0.50% for SCDV.

What is the main difference between SMIG and SCDV?

SMIG is categorized as Small Cap Value Equities, while SCDV is Small Cap Blend Equities. Their fees differ too: 0.60% for SMIG and 0.70% for SCDV.

Which has better risk-adjusted returns?

SMIG currently has the higher Sharpe Ratio (1.22 vs 1.13), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.